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Meet China Launches eTradePioneer (Version 2.0) and Joins Meet World Trade in Announcing Alliance With SAPMarkets, Inc.
July 31, 2001

Shanghai, China July, 31, 2001 - MeetChina.com, the leading business to business trade portal in China, today unveiled it's new version of eTradePioneer (Version 2.0), professional web tools for international trade, at a launch attended by over 300 suppliers.
The new eTradePioneer allows Chinese suppliers to cost effectively market to overseas buyers by building and displaying their own catalogues complete with product, process, and company information on the Meet World Trade platform. Meet World Trade (MWT) is Meet China's parent company.

"This is the first time such a product has been marketed and sold to Chinese exporters wanting to participate in online cross-border trade. " Gao Qiang, MeetChina's CEO said. " eTradePioneer, was originally sold as a service but we've now productized the service and give users manuals, user guides and training."

MeetChina.com first started selling eTP 1.0 last year and already has several thousand suppliers using the product. This second generation version includes significant functional and user interface improvements that will help provide efficient and effective tools for suppliers to manage their company information and product catalogs. The 2.0 version also includes easy to use features for suppliers to create private catalogs for existing buyers.

China is the first country in the Meet World Trade network to launch the new eTradePioneer 2.0. MWT's country partners in Korea (www.meetkorea), Thailand (www.thailand.com/meetworldtrade) and India (www.exportswebex.com) will all be releasing the new version into their markets starting this fall.

At today's launch of eTradePioneer (Version 2.0), MeetChina joined Meet World Trade in announcing an agreement with SAPMarkets, Inc. the exchange company of the SAP group, to provide SAPMarkets customers access to over 30,000 suppliers in the Asia. This agreement also includes MWT's country affiliates, MeetChina.com, EC 21, Inc in Korea. (MeetKorea) and Meet World Trade (Thailand).

Buyers using SAPMarkets exchange solutions will be able to search and negotiate directly with Meet World Trade's quality suppliers and also utilize offline sourcing expertise for custom sourcing.

About MeetChina.com

Founded in 1998, MeetChina.com is the leading business to business trade portal with close to 30,000 Chinese suppliers on it database. The company is dedicated to helping Chinese suppliers quickly and effectively enter the international export markets as well as help international buyers efficiently procure goods from China via the Internet. MeetChina.com has five offices in China and employs about 80 people. For more information, please visit our website:

Media Contacts:

MeetChina.com
Danielle Dan
Room 1805, Lippo Plaza
222 Huai Hai Middle Road
Shanghai, China
Tel: (8621) 5396-5866 ext 220
danielle_dan@meetchina.com

Meet World Trade, Asia Pacific
Phyllis Fang
Suite 3103, Central Plaza
18 Harbour Road
Wanchai, Hong Kong
Tel: (852) 2155-3100/9198-6596
phyllis_fang@meetworldtrade.com

Meet World Trade, USA
Andy Krumholz
300 Montgomery Street
Suite 1160
San Francisco, CA 94104
Tel: 415-288-0380
Andy_Krumholz@meetworldtrade.com


About SAPMarkets Inc.

SAPMarkets is the exchange company of the SAP group, delivering public and private Internet exchanges, e-procurement and e-selling solutions that automate business processes across boundaries.

The solutions from SAPMarkets scale to meet the needs of any business community, from collaborative hubs and private exchanges to industry, regional, consortium and public exchanges. Elements of SAPMarkets offering include collaborative design and engineering, collaborative procurement, order management, collaborative planning and analytics.

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